ChaiYao Fractional Token vs Tether

Tether (USDT) is 90767.1× the size of ChaiYao Fractional Token (CHAI) by market capitalisation. Over the past 30 days, CHAI is ahead by 28.5 percentage points (CHAI +28.5% against USDT -0.1%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). CHAI has been the more volatile of the two, at 56% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 90767.1
Ahead over 30 days: CHAI

ChaiYao Fractional TokenCHAI

$0.042337

24h: -0.20%
Market cap: $1.96M
Volume 24h: $11,362
Volatility (ann.): 56%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

CHAI 0.0%Share of the two combined market caps100.0% USDT

Performance

CHAIUSDT

7 days+2.62%+0.03%CHAI
30 days+28.45%-0.08%CHAI

Correlation

0.03over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	CHAI	USDT
Max drawdown (400d)	-9.9%	-0.2%
Risk-adjusted return (90d)	0.48	-0.03

Relative strength over 90 days: CHAI outperformed USDT by 15.5% — measured on the CHAI/USDT ratio, so it holds regardless of market direction.

ChaiYao Fractional Token →Tether →